In this episode of the Best Passive Income Model, Mark chats with Erlend Bakke, owner of 3sixty, 3sixtyfactory, and Mr. Outsource. Erlend, a serial entrepreneur, speaker, and #1 international bestselling author, has been in the business for about 8 years and made his money doing product photography and outsourcing it in Norway. He has also been successful with his 3sixtyfactory, which creates product communications to clients worldwide. Mr. Outsource, an offshoot of these companies, has also contributed to his success by giving him a steady income stream from providing entrepreneurs with passionate virtual assistants. Erlend has written a #1 best-selling book called Never Work Again.
Listen in as Mark and Erlend talk about:
- Managing your business, travelling, working smarter
- Knowing how to handle and motivate employees, his 90 minute morning routine, and;
- Avoiding the trap of being a business prisoner.
Unlike most of his colleagues in the US and worldwide, Erlend focuses on honing down on tasks he should be doing and spending time on work that motivates him.
On finding the right Virtual Assistants to help him with his business, Erlend’s philosophy is to know what drives them, aligning them with what they want to achieve, and being emotionally involved with them.
Erlend also suggests we ask three important questions of VAs: what kind of experiences do you want to have, how do you want to grow as a person and how you want to contribute, to find out if they are a perfect fit in your business.
Tip of the Week:
Erlend: Two must-have books: Total Recall by Arnold Schwarzenegger and Letters from Stoic by Lucius Annaeus Seneca. For productivity tools, use Simple Mind to plot key influencers in your industry.
Mark: Get to know more about Erlend and hiring your virtual assistants here: www.mroutsource.com
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When asked if Mark has the best passive income model, Todd gives very interesting points to ponder such as the percentage of offers that get accepted, if there is a smooth business model that doesn’t take up too much time, cost structure knowledge, and knowledge of margins.
